Yesterday, I flipped a RIMM Straddle ( 110 Call and 100 Put). Market timing paid off and I sold the top call when the stock hit stock price 114. A nice top side 30% profit. Then I bought the same number of 100 Put that I alrady owned. The stock the went to 106 and I was going to SELL. Sheel reminded me that "a patient man waits" and I decided to wait one more day. The stock closed at 110, ouch.

Today, CNBC said futures were down huge. I WILL sell this position if RIMM sells off today and rebuy the same Straddle again.

Yesterday, I bought a Google Dec 630 PUT for 18. The option went to 24 and I called Sheel to confirm that I should SELL SELL SELL. He says that Google is priced to close this year at 580 and I should wait.

If Sheel is right, I am a winner, if he is wrong he gets no more discounts in my optical.

Can't wait for the open.

P.S. My GG Straddle made 50% a few days ago. The top side never triggered and I lost a double! No more limit straddles!